Ecobank May End Battle With Ex-CEO Tanoh Through Settlement
This article is for subscribers only.
Pan-African lender Ecobank Transnational Inc. said it may end its battle against former Chief Executive Officer Thierry Tanoh through an out-of-court settlement.
The bank may seek an agreement with Tanoh this year over damages exceeding $35 million awarded by West African courts against his former employer, current Ecobank CEO Albert Essien said Wednesday in an interview in Cape Town at the World Economic Forum on Africa.